Why is Indo Borax & Ch. falling/rising?

As of 07-Aug, Indo Borax & Chemicals Ltd is experiencing a decline in its stock price, currently at 277.85, which reflects a decrease of 8.7 points or 3.04%. The stock has been underperforming, having fallen for the last three days with a total decline of 4.86% during this period. It opened the day with a loss of 2.81% and reached an intraday low of Rs 272.25, indicating significant selling pressure. Despite a strong performance over the past month with a 25.53% increase and a year-to-date rise of 54.19%, the recent trend suggests a decrease in investor participation, as evidenced by a 35.88% drop in delivery volume compared to the five-day average.
In the broader market context, while Indo Borax has shown strong returns over longer periods, its recent performance contrasts sharply with the benchmark Sensex, which has declined by 0.69% over the past week. The stock's short-term underperformance relative to the sector, which it lagged by 1.93%, further highlights the challenges it faces despite its historical growth. The liquidity remains adequate for trading, but the falling investor participation could signal caution among investors, contributing to the stock's current downward trajectory.